A personal loan to pay off credit cards
The Payoff Loan™ – funding your happiness
Rates start at 5.99% APR‡
Personal loans between $5,000 - $40,000‡
Paid off in 2-5 years**
Checking your rate is free and won’t impact your credit score*
Simple
With a single, fixed payment and a set paid-off date, a Payoff Loan streamlines paying off credit card debt.
Save
Paying off your credit cards with a Payoff Loan can save you thousands of dollars thanks to low interest rates.
Boost
By paying off debt with the Payoff Loan, some members have increased their FICO score by up to 40+ points.††
Go debt-free your way
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Let’s remove stress from the equation
Finances can be overwhelming. We’re here to help.
Stress less, save more
Paying off credit cards is one of the best ways you can make sure you won’t be stressed about money. As an added bonus, you’ll be saving on interest along the way.
Take control
Instead of operating on someone else’s timeline, you get to choose your terms, pay off date, and monthly payment. With us, you’re in control of your own money.
Personal support
Our Member Advocates are here to help you succeed. No more hour-long waits or chatbots that get you nowhere - you’ll be speaking to real people who really care.
How the Payoff Loan works
((1))
We get to know you
We take a look at your credit, income, and savings to determine your Payoff plan options. No consequences or commitments.
((2))
You choose your Payoff plan
We’ll show you multiple options including the lowest monthly payment, best rate, and quickest way to pay off.
((3))
Verify & Finalize
We finalize all the legal documents and verify your information before dropping the money into your account, or paying the credit card company directly.
See what goes into getting approved
Learn moreThe Payoff Loan vs Credit Cards
The Payoff loan | credit cards | |
|---|---|---|
Focused on you and your goals | ||
One fixed monthly payment | ||
Designed to help boost your FICO score†† |
Yes, it’s possible for a loan to work on your terms
One fee, one time
We keep it transparent: an origination fee is charged when your loan is issued, and that’s it.† If that sounds intimidating, don’t stress: the origination fees range from 0% and 5%, and there’s no hidden charges.
Track your journey
Our online Member Portal allows you to monitor payments, track your progress, and directly contact our support team. Think of it like a one-stop-shop for all of your Payoff Loan needs.
Funding timeline
We’re excited to help you fund your happiness, but please note that while most money is transferred to your bank account within 2-5 business days, Direct Card Payoff can take additional time.
Understanding the numbers
View rates and termsPersonal loans made personal
See what our members have to say about their Payoff Loan experience.
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Zachary R.
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Jimmy S.
Liz D.
We’re here to support you
If you prefer to read, dive into our always-growing library of support articles. When you need to talk to someone, we have a world-class support team at your fingertips. They keep it helpful, friendly, and confidential seven days a week.
Browse our Help Center
Some frequently asked questions
What is the Payoff Loan?
The Payoff Loan is a personal loan between $5,000 and $40,000 designed to help you eliminate or lower your credit card balances.‡‡ We’ve built The Payoff Loan to give you control of your finances and pay your credit cards off faster by consolidating your high-interest card balances into one monthly payment at a fixed rate and term of your choosing.
Will checking my rate hurt my credit?
Don’t worry, checking your rate will not hurt your credit.* However, before you finalize your Payoff Loan, we will run a hard inquiry, which can impact your credit score. Luckily, our Members see an average FICO Score increase of 40 points after making their first few payments!††
What is the approval criteria?
We’re proud to be transparent about our approval process, and we encourage you to review the main requirements here before you submit your application.
Have more questions?
Visit our help center